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  • Keywords: pegged exchange rate x
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Why Do Countries Choose Currency Boards?

Wolf Holger C., Ghosh Atish R., Berger Helge, and Gulde Anne-Marie

in Currency Boards in Retrospect and Prospect

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262232654
eISBN:
9780262286411
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262232654.003.0003
Subject:
Economics and Finance, Econometrics

This chapter presents theoretical arguments to explain why countries may or may not opt for a currency board arrangement. The adoption of a currency board arrangement can be seen as being based on ... More


Exchange Rate Regimes and Inflation

Michael W. Klein and Jay C. Shambaugh

in Exchange Rate Regimes in the Modern Era

Published in print:
2009
Published Online:
August 2013
ISBN:
9780262013659
eISBN:
9780262259002
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262013659.003.0010
Subject:
Economics and Finance, Econometrics

This chapter considers the possible connection between the exchange rate regime and inflation performance. A basic framework is conceptualized, using a heuristic approach and a model of inflation ... More


Exchange Rate Regimes and Monetary Autonomy

Michael W. Klein and Jay C. Shambaugh

in Exchange Rate Regimes in the Modern Era

Published in print:
2009
Published Online:
August 2013
ISBN:
9780262013659
eISBN:
9780262259002
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262013659.003.0008
Subject:
Economics and Finance, Econometrics

This chapter performs tests that answer the question regarding the theory of the policy trilemma and if predictions of this theory are often borne out in practice. The chapter also looks at the ... More


Does It Pay to Defend against a Speculative Attack?

Barry Eichengreen and Andrew K. Rose (eds)

in Managing Currency Crises in Emerging Markets

Published in print:
2003
Published Online:
February 2013
ISBN:
9780226155401
eISBN:
9780226155425
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226155425.003.0005
Subject:
Economics and Finance, International

This chapter compares the behavior of failed and successful defenses of pegged exchange rates. It shows that the costs of unsuccessful defense against an attack on a currency system are large, about ... More


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